Eventide Senior Living Communities LLC

“There is an Executive Committee that has the power to act on behalf of the entire Board of Directors. This committee is made up of at least five but not more than six persons, all of whom shall be members of the Board of Directors. The President shall be an advisory, non-voting member of the Executive Committee.”

“Officers Jon Riewer and Wade Stubson are employed by Eventide, a related exempt organization. The board members of Eventide Senior Living Communities, LLC are also the board members of Eventide. Therefore, business relationships exist between Jon Riewer and each member of the board of directors and Wade Stubson and each member of the board of directors.”

“The organization paid management fees to Eventide, a related organization, for the services of the President and CFO. For calendar year ending December 31, 2015 Jon Riewer, President/CEO received $424,873 in compensation, $8,497 in pension, and $25,049 in other employee benefits. Wade Stubson, CFO received $260,166 in compensation, $5,203 in pension, and $19,287 in other employee benefits. The listed compensation is for services as President and CFO of the filing organization and the three related entities listed on Schedule R. Each filing organization pays Eventide a management fee that includes payment for the President and CEO services to their respective organization.”

“Eventide is the sole member of Eventide Senior Living Communities, LLC.”

“Eventide is the sole member of Eventide Senior Living Community. Eventide Senior Living Community, Eventide, and Eventide Living Center have the same board of directors. Eventide's board is elected by delegates from the member churches which serve on the board. Each member church has one vote for every 1,000 members of the church. Each member church also has one additional vote which may be cast by one of its pastors present at the meeting. Each member of the organization's board of directors is entitled to one vote.”

“The CFO and Controller will review a draft of the Form 990. The reviewed copy will be presented and approved at a board meeting.”

“Board members, management level employees and up are covered by the policy. The senior management/CFO determines if a conflict of interest exists and reviews conflicts. Eventide has various restrictions in place to keep the individual with the conflict from acting on their own behalf instead of Eventide's best interest. Individuals with a conflict must abstain from voting on the issue.”

“The organization relies on Eventide, a related organization, to determine the compensation. An annual evaluation of the CEO is done by the Executive Committee team of Eventide. A comparability study was done in 2016 by Leading Age-CEMO. The comparability study considers the region, total revenue and FTE's. The last review done was in January 2016.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“The related organization, Eventide, manages the payroll for all employees for itself and its subsidiaries. The amounts reflected on Form 990, Part IX represent the costs allocated to this Organization.”

“Equity Transfer -750,000.”